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Canadian Solar upgraded to Neutral from Sell at UBS

UBS analyst Jon Windham upgraded Canadian Solar to Neutral from Sell and raised his price target for the shares to $23 from $14.

CSIQCanadian Solar

$20.57

0.07 (0.34%)

12/18/18

12/18/18UPGRADE

Canadian Solar upgraded to Buy from Hold at Cascend Securities

01/03/19

GSCO

01/03/19UPGRADETarget $57GSCOBuy

First Solar upgraded to Buy from Neutral at Goldman Sachs

Goldman Sachs analyst Brian Lee upgraded First Solar (FSLR) to Buy and raised his price target for the shares to $57 from $48. The stock closed yesterday up 10c to $42.56. Solar stocks underperformed in 2018 as tariffs, China policy and oversupply drove a cyclical correction, Lee tells investors in a research note on the sector. However, heading into 2019, the analyst believes "green shoots are emerging." He says demand is improving, selling prices are stabilizing, and China is likely a positive catalyst in terms of policy. As such, Lee raised his Solar coverage view to Neutral and upgraded First Solar and Canadian Solar (CSIQ) to Buy. He thinks First Solar shares offer an attractive risk/reward at current levels. The analyst names the company the "best U.S. utility-scale play and value in solar."

01/03/19

GSCO

01/03/19UPGRADETarget $19GSCOBuy

Canadian Solar upgraded to Buy from Neutral at Goldman Sachs

Goldman Sachs analyst Brian Lee upgraded Canadian Solar (CSIQ) to Buy and raised his price target for the shares to $19 from $14. Solar stocks underperformed in 2018 as tariffs, China policy and oversupply drove a cyclical correction, Lee tells investors in a research note on the sector. However, heading into 2019, the analyst believes "green shoots are emerging." He says demand is improving, selling prices are stabilizing, and China is likely a positive catalyst in terms of policy. As such, Lee raised his Solar coverage view to Neutral and upgraded First Solar (FSLR) and Canadian Solar to Buy. He thinks Canadian Solar 's project momentum continues to grow and that the shares are "cheap."